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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsFed Ponders Part-Time Shift as Obamacare Role Questioned
By Alex Nussbaum and Jeanna Smialek - Jul 19, 2013
Bailey Brewer, 28, is a writer with a graduate degree in journalism. Shes been employed since the start of the year as a temporary office worker, unable to find a full-time job.
The part-time thing, Im really grateful for the work, but its also really frustrating because nothing is renewable, Brewer said. I want to feel settled in Los Angeles.
Brewer isnt alone. The number of workers holding full-time positions fell in the U.S. in June as part-timers hit a record after rising for three straight months, according to the Bureau of Labor Statistics household data. Part-time employment has been outpacing full-time job growth since 2008. Economists cite still-tough economic conditions as the root cause, with some saying President Barack Obamas 2010 health-care law exacerbates the trend.
U.S. Federal Reserve Chairman Ben Bernanke told a House committee July 17 that policy makers consider underemployment, which includes part-time workers who want full-time jobs, one of the gauges of labor-market strength.
As we look at the unemployment rate and try to determine what it means for the labor market, we look at these other indicators as well, Bernanke said in response to a question from Marlin Stutzman, a Republican representative from Indiana, during the Fed chairmans semiannual testimony to Congress.
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http://www.bloomberg.com/news/2013-07-19/fed-ponders-part-time-shift-as-obamacare-role-questioned.html
enlightenment
(8,830 posts)reports the article cites - the Business Outlook survey.
The article uses the report to support the idea that businesses are not citing the ACA as a reason for shifting to part-time labor or using other methods to avoid paying for health care - and indeed it appears that the majority of the fewer than 100 companies surveyed do not see the ACA as a reason to change their practices.
The percentages that the article cites are a little misleading, however. They say:
True - that's what the percentages say - but what they omitted was:
9.7% of those surveyed had fewer than 50 employees
Of the remaining firms, 13.9% indicated they would drop or cut back on health insurance for their employees
Currently:
70.8% report they have made minimal or no change in response to the ACA
11.1% have started outsourcing more work
9.7% have started doing "other" (as opposed to not changing anything in response to the ACA)
8.3% declined to respond - which given the options of "little or nothing" and "other" suggests nothing good . . .
In the next year:
54.2% plan on making minimal or no change
18.1% plan on outsourcing more work
12.5% plan on doing "other"
9.7% declined to respond
Those figures sort of take the happy glow off the low percentage of companies who have shifted or plan to shift to part-time labor.